It is anticipated that in the future, the U.S. workforce will exhibit
A. about the same demographic mix as it does today.
B. an increase in ethnic diversity.
C. a decrease in ethnic diversity.
D. a decrease in the number of older workers.
Answer: B
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The revenue recognition principle states that:
A. Revenue should be recognized in the period goods and services are provided. B. Revenue should be recognized in the period the cash is received. C. Revenue should be recognized in the balance sheet. D. Revenue is a component of common stock.
Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses weighted average inventory valuation and a perpetual inventory system.January 1:Purchased 100 units at $10 per unit.February 5:Purchased 60 units at $12 per unit.March 16:Sold 40 units for $16 per unit.
What will be an ideal response?
The cost object(s) of the activity-based costing method is(are):
A. The production departments of the company. B. The production activities in the first stage and the unit of product in the second stage. C. The time period. D. The unit of product in the first stage and the production activities in the second stage. E. The production activities of the company.
A manufacturer of athletic shoes will give customers $10.00 off a new pair of shoes if they bring in an old pair to be recycled. The company will then recycle the shoes, turning it into rubber playground surfaces for donation to local communities. This is an example of ________ ________ ________.
What will be an ideal response?